Financial Accounting Exam 2.1

  • This practice exam covers the balance sheet, income statement, and cash-flow statement chapters in addition to the following topics: Accounts receivable, warranties, and inventories. 
  • The exam questions will either ask you to apply basic concepts in contexts similar to those covered in the chapter exercises or ask you to apply concepts to different contexts that test your ability to go beyond memorization.
  • The essay exam question is designed to give you an opportunity to practice critical thinking skills and the ability to communicate clearly and concisely in writing. These are increasingly important attributes for a successful career.
  • Click on the links below for the exam and related materials.

    Exam Materials

    Exam 2.1 [pdf]

    Exam 2.1 Supplement [pdf]

     

    Exam Solution

    Exam 2.1 Solution [pdf]

     

     

Sources: Tim Hortons Inc., www.timhortons.com. Whirlpool Corporation, www.whirlpoolcorp.com. Home Depot, www.homedepot.com. Lowe’s, Inc., www.lowes.com. All brands and product names are trademarks of their respective owners.

 

714